THE VIZZDA WEEKLY
January 3rd, 2017
Last week in Phoenix, Vizzda tracked $338,146,191 in commercial real estate transactions
including 40 sales and 2 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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New Residential Subdivision Proposed for Development in Scottsdale
On December 29th, The City of Scottsdale introduced a Zoning District Map Amendment for the development of a 45 lot single-family residential subdivision.
(1 of 2 planning & zoning events last week)
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LAND
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Scottsdale Land Proposed for Senior Facility Sells for $6.5M
On December 28th, Greystar purchased a 22,474 square foot showroom on 1.97 acres of land from Legacy Kierland for $6,500,000. The property is proposed for the development of a five-story, 171-unit senior facility.
(1 of 11 land sales last week)
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OFFICE
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DriveTime Automotive Corporate Office Purchased for $9.05M
On December 23rd, The Boyer Company purchased one single-story building built on 3.38 acres from Helix Properties for $9,050,000 with $1,320,000 down and $7,730,000 in new funding with Bank of Arizona.
(1 of 14 office sales last week)
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MULTIFAMILY
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193-Unit Apartment Complex in Scottsdale Sells for $20.85M
On December 21st, Capital Real Estate purchased 25 residential buildings on 7.41 acres of land in Scottsdale from 3rd Avenue Investments for $20,850,000 with $15,632,000 in new funding with Walker & Dunlop, maturing January 1st, 2027.
(1 of 4 multifamily sales last week)
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INDUSTRIAL
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Warehouse in Gilbert Purchased for $1.85M
On December 27th, Titan Solar Power purchased one single-story building on 1.38 acres of land in Gilbert from Cloyce Clark for $1,850,000 with $400,000 down and $1,450,000 in a new cross-collateralized loan with JP Morgan Chase Bank.
(1 of 5 industrial sales last week)
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RETAIL
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Pima Crossing Shopping Center in Scottsdale Sold for $46.15M
On December 29th, Karlin Real Estate purchased ten single-story buildings on 27.67 acres of land from Regency Centers for $46,150,000. The property is currently anchored by Stein Mart, PGA and Lifetime Fitness.
(1 of 6 retail sales last week)
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